An exceptional opportunity to own a 1.6-acre oceanfront parcel in one of North Nanaimo’s most sought-after neighborhoods. With over 100 feet of waterfront frontage and panoramic views across the Georgia Strait, this unique property offers space, seclusion, and privacy—backing directly onto a large neighborhood park. Ideally located within walking distance to McGirr Elementary and Dover Bay Secondary, and just minutes from shopping, recreation, and the waterfront. Whether you're looking to build your dream estate or explore the potential for subdivision into two premium waterfront lots (subject to city approval), this property offers outstanding value and flexibility. A geotechnical report has been completed and is available upon request. The adjacent property at 5948 Waldbank Road, also owned by the seller, is available for purchase.